Tagged: united kingdom

April 14, 2020 @ 7:42 am By Omar Faridi  |  

UK-based Agilesphere has confirmed its merger with Fintech firm Fimatix. Both companies will establish a government technology (Govtech) and Fintech-focused business. Agilesphere is an agile transformation organization that offers customized services to help and support business transformation processes. The company’s consultants are experienced in working… Read More

April 14, 2020 @ 7:26 am By Omar Faridi  |  

UK-based Fintech firm STICPAY has launched a prepaid STIC card for its digital wallet solution. The new payment option will allow users to make withdrawals and spend their funds through the STIC card. The Fintech firm noted that all STIC cards have a base currency,… Read More

April 13, 2020 @ 7:30 pm By Omar Faridi  |  

Kristo Käärmann, co-founder and CEO at London-based TransferWise, a privately-held Fintech firm that allows individuals and businesses to send money abroad at affordable and transparent rates, revealed that 25% of the cross-border transfers facilitated by the firm are now instant. Earlier this month, the TransferWise… Read More

April 13, 2020 @ 8:55 am By Omar Faridi  |  

Fintech Zopa, which provides online lending services in a fund based fashion, notes that during these challenging times, the company has noticed how peer-to-peer (P2P) platforms have taken varied approaches to mitigate the disruption caused by the Coronavirus (COVID-19) outbreak. The Zopa team explains that… Read More

April 13, 2020 @ 1:37 am By Omar Faridi  |  

Digital bank Revolut allows its 7 million customers to purchase cryptocurrencies. This, as reserve banks across the globe have announced huge stimulus packages to support their struggling economies, following the deadly Coronavirus (COVID-19) outbreak. This support from Revolut, which is notably one of Europe’s most… Read More

April 12, 2020 @ 10:26 pm By Samantha Hurst  |  

UK fintech GeoDB is officially set to close its equity crowdfunding campaign on Seedrs with more than £1.37 million raised from 765 Seedrs investors. The company launched the funding round last month and quickly secured its initial £1 million funding target.  The latest crowdfunding initiative… Read More

April 12, 2020 @ 2:20 pm By Omar Faridi  |  

The Lloyds of London has reportedly chosen 12 promising, early-stage Insurtech firms to take part in its innovation accelerator program, called Lloyds Lab. The 12 insurance technology startups were chosen out of over 90 companies that had submitted applications, as they were interested in participating… Read More

April 10, 2020 @ 7:10 pm By JD Alois  |  

Following approval by the British Business Bank as  CBILS lender, Starling Bank – a digital-only bank, has issued a statement. Starling is a fully licensed and regulated bank, founded by Anne Boden, former Allied Irish Banks COO, in 2014. Helen Bierton, Starling Bank’s Chief Banking… Read More

April 10, 2020 @ 7:01 pm By JD Alois  |  

The British Business Bank has announced new lenders participating in the Coronavirus Business Interruption Loan Scheme (CBILS) including several digital banks. Established in 2014, the British Business Bank is the UK government’s economic development bank. The Bank’s mission is to make finance markets for smaller… Read More

April 10, 2020 @ 2:20 pm By Samantha Hurst  |  

Japanese-inspired food brand, Miso Tasty, is set to close its latest equity crowdfunding campaign on Seedrs with more than £375,000 raised from over 350 Seedrs investors. Miso Tasty is currently offering 12.46% in equity at a £2,037,500 pre-money valuation through the funding round. Miso Tasty,… Read More

April 10, 2020 @ 10:29 am By Samantha Hurst  |  

UK-based next-generation banking platform Cashaa has reportedly developed a fiat gateway specifically for BEP2 tokens on Binance Chain. According to Cointelegraph, the new integration allows users to sell and buy tokens directly for fiat currencies. The media outlet reported Cashaa will now support the U.S…. Read More

April 10, 2020 @ 10:10 am By JD Alois  |  

Funding Circle (LSE:FCH), an SME lender that facilitates loans in both the US and parts of Europe, has decided to pause its secondary market due to the COVID-19 pandemic, according to a blog post. Funding Circle has recently taken multiple actions to buttress the platform… Read More

April 10, 2020 @ 7:48 am By Omar Faridi  |  

Investment firm Index Ventures has acquired $2 billion in funding during a time when there are concerns that tech startups won’t be able to secure the capital they need to sustain operations. This, as individuals and businesses cope with the deadly Coronavirus (COVID-19) pandemic and… Read More

April 9, 2020 @ 10:23 pm By Omar Faridi  |  

UK-based Phos, a Fintech firm that provides a software-only PoS to help vendors take payments directly via their phones without requiring additional hardware, has secured €1.3 million in capital. Phos’ latest round was led by Bulgaria-based New Vision 3, an early-stage venture capital firm (part… Read More

April 9, 2020 @ 2:50 pm By Samantha Hurst  |  

UK-based challenger bank Monzo is reportedly set to shut down its customer support office in Las Vegas. As previously reported, the company announced the launch of the office in the summer of 2018. The customer support team was created to help Monzo scale its customer service… Read More

April 9, 2020 @ 12:16 pm By JD Alois  |  

Cryptoasset insurance company Evertas, formerly doing business as BlockRE, say adoption of crypto and blockchain in general is being held back by lack of a “robust insurance market.” The company cites a survey that claims just over half (55%) of insurance executives it interviewed believe companies… Read More

April 9, 2020 @ 11:57 am By Samantha Hurst  |  

Lupe Technology, a UK-based consumer tech brand that’s created “game-changing” cordless vacuums, successfully secured its initial £650,000 funding target just days after publically launching its equity crowdfunding campaign on Seedrs.  As previously reported, Lupe describes itself as a consumer tech brand that’s looking to create… Read More

April 9, 2020 @ 9:31 am By Samantha Hurst  |  

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

April 9, 2020 @ 9:00 am By JD Alois  |  

Molinari Media has acquired UK based Fintech Worldwide, according to a company release. Molinari Media is a new company created by Vince Molinari – a well-known individual in the Fintech and crowdfunding world. Molinari was recently involved with Templum – an ATS platform that was… Read More

April 9, 2020 @ 8:23 am By Omar Faridi  |  

UK-based JudoPay, a mobile-first payment platform, has confirmed that it will be taking part in the #KeepBritainMoving initiative, which has been launched in response to the economic uncertainty resulting from the Coronavirus (COVID-19) outbreak. JudoPay is planning to support UK-based SMEs during these challenging times…. Read More